Jefferies Initiates Coverage On Constellation Brands with Buy Rating, Announces Price Target of $292
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Kaumil Gajrawala has initiated coverage on Constellation Brands (NYSE:STZ) with a Buy rating and set a price target of $292 for the company's stock.
November 13, 2023 | 11:39 am
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Jefferies has initiated coverage on Constellation Brands with a Buy rating and a price target of $292, indicating a positive outlook for the stock.
Analyst ratings, especially from reputable firms like Jefferies, can significantly influence investor sentiment and stock prices. A Buy rating combined with a high price target suggests that Jefferies has a strong conviction in the future performance of Constellation Brands, which could lead to increased investor interest and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100